GDP and Growth

• Provisional GDP Growth Rate for 2024: 5.7% (2023: 3.1%).
• Annual Growth of the Composite Index of Economic Activity (CIEA): 18.8% in January 2025 (10.8% in January 2024).

Inflation

• Consumer Price Index (CPI): 255.9 in February 2025, with year-on-year inflation at 23.1% (207.8% in February 2024).
• Food Prices: 288.2 in February 2025, YoY inflation at 28.1% (255.0 in February 2024).
• Non-Food Prices: 231.2 in February 2025, YoY inflation at 18.8% (194.6 in February 2024).

Interest Rates

• Monetary Policy Rate: 28.00% (increased from 27% in March 2025).
• Interbank Weighted Average: 27.04% in February 2025
• Ghana Reference Rate: 29.96% in February 2025
• Average Lending Rate: 30.12% in February 2025
• Post-DDEP Bonds:
  • 4-Year Bond: 24.38% in February 2025 (23.36% in February 2024).
  • 15-Year Bond: 24.27% in February 2025 (22.5% in February 2024).

Foreign Exchange Rates

• USD/GHS: 15.5300 in March 2025 (5.3% depreciation year-to-date).
• GBP/GHS: 20.0345 in March 2025 (8.2% depreciation year-to-date).
• EUR/GHS: 16.7569 in March 2025 (9.2% depreciation year-to-date).
• Real Effective Exchange Rate (REER) Index: 135.4 in February 2025 (134.9 in December 2024).

External Sector Developments

• Total Exports: US$4.3 billion as at February 2025.
  • Gold Exports: US$2.3 billion (54%)
  • Cocoa Exports: US$836 million (19%)
  • Oil Exports: US$581 million (13%)
• Total Imports: US$2.67 billion as at February 2025.
• Oil Imports: US$919.3 million (34%)
• Trade Surplus: US$1.64 billion (1.9% of GDP)

Fiscal and Debt

• Budget Deficit: 5.2% of GDP for full-year 2024 (3.3% in 2023).
• Public Debt:
  • External Debt: US$28.3 billion (GH¢416.8 billion, 35.4% of GDP) in February 2025.
  • Domestic Debt: GH¢309.8 billion (26.3% of GDP) in February 2025.
  • Total Public Debt: GH¢726.7 billion (61.8% of GDP) in February 2025.

Banking and Financial Sector

• Non-Performing Loans (NPL): 22.6% in February 2025 (24.6% in February 2024).
• Return on Assets (Before Tax): 4.7% in February 2025 (5.2% in February 2024).
• Active Mobile Money Accounts: 23.6 million in February 2025 (23.1 million in February 2024).

International Reserves

• Gross International Reserves: US$9.4 billion (4.2 months of import cover) in February 2025.
• Net International Reserves: US$6.7 billion (February 2025).
• Petroleum Funds (Stabilisation & Heritage): US$1.37 billion in February 2025.

Nominal GDP

• Nominal GDP: GH¢1,176.2 billion (2024 full-year estimate).

Confidence Surveys

• Consumer Confidence Index: 100.2 in February 2025 (92.0 in February 2024).
• Business Confidence Index: 99.7 in February 2025 (96.0 in February 2024).

Capital Market Performance

• GSE Composite Index: 5,659.8 in February 2025 (15.8% year-to-date return).
• GSE Financial Index: 2,814.3 in February 2025 (18.2% year-to-date return).